Blake Schutter Theil Wealth Advisors LLC Buys Shares of 1,986 Apollo Global Management, Inc. (NYSE:APO)

Blake Schutter Theil Wealth Advisors LLC bought a new stake in shares of Apollo Global Management, Inc. (NYSE:APO) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,986 shares of the financial services provider’s stock, valued at approximately $248,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Compagnie Lombard Odier SCmA bought a new position in Apollo Global Management in the 3rd quarter valued at $35,000. Cullen Frost Bankers Inc. bought a new position in shares of Apollo Global Management in the second quarter worth about $35,000. J.Safra Asset Management Corp increased its stake in Apollo Global Management by 709.3% in the 1st quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock worth $39,000 after buying an additional 305 shares during the period. Massmutual Trust Co. FSB ADV lifted its holdings in Apollo Global Management by 293.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock valued at $55,000 after buying an additional 346 shares in the last quarter. Finally, Orion Capital Management LLC lifted its holdings in Apollo Global Management by 20.0% during the 1st quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock valued at $67,000 after buying an additional 100 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Price Performance

NYSE APO opened at $159.88 on Friday. The firm’s fifty day simple moving average is $131.14 and its two-hundred day simple moving average is $120.34. The firm has a market capitalization of $91.06 billion, a P/E ratio of 17.04, a P/E/G ratio of 1.53 and a beta of 1.59. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. Apollo Global Management, Inc. has a 12-month low of $83.88 and a 12-month high of $166.72.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be paid a dividend of $0.463 per share. This represents a $1.85 annualized dividend and a yield of 1.16%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date is Monday, November 18th. Apollo Global Management’s payout ratio is 19.72%.

Analyst Upgrades and Downgrades

APO has been the topic of a number of research reports. Keefe, Bruyette & Woods raised their target price on shares of Apollo Global Management from $159.00 to $168.00 and gave the stock an “outperform” rating in a research report on Wednesday. Citigroup raised their price objective on Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday. StockNews.com cut Apollo Global Management from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. raised their price target on Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Wolfe Research started coverage on shares of Apollo Global Management in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $150.83.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm’s private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.